BAKU, Azerbaijan, Apr.6
By Zeyni Jafarov - Trend:
The total volume of bank deposits of Azerbaijan’s population, including individual entrepreneurs, made up over 8.3 billion manat ($4.8 billion) in February 2021, Trend reports citing a statistical report from the country's Central Bank (CBA).
According to the CBA, this figure means an annualized decrease of 3.6 percent.
In the reporting month the volume of deposits of the population, including individuals, in national currency grew by 1.4 percent for the year up to 4.18 billion manat ($2.46 billion), which is 49.9 percent of the total volume of the population’s deposits.
Meanwhile, deposits of the population in foreign currency amounted to 4.2 billion manat ($2.4 billion), down by 8.1 percent compared to February 2020, which is 50.1 percent of the total volume.
The deposits of residents and non-residents reached 8.1 billion manat ($4.7 billion) and 281.9 million manat ($165.8 million), respectively. In annual terms, investments of residents have risen by 24.9 million manat or $14.6 million (0.3 percent), and non-residents dropped by 339.4 million manat or $199.6 million (54.6 percent).
As of late February this year, the volume of deposits and deposits in Azerbaijani banks is equal to 23.5 billion manat ($13.8 billion), which is 5.8 percent less compared to the same month of 2020.
(1 USD = 1.7 AZN on Apr.6)
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